Can I claim back the tax paid out of my own pocket for medical expenses when submitting my tax return? The medical bills I paid was quite substantial...
Can I claim back the tax paid out of my own pocket for medical expenses when submitting my tax return? The medical bills I paid was quite substantial...
Last edited by FaNIX; 22-07-2009 at 03:06 PM.
Er, nope. Why would you think you can?
AFAIK, you can claim back the tax you paid on any medical expences not covered by your medical aid, i.e. out of pocket medical expences are deducted from your taxable income before the calculation is done. I don't know if this would include the Disprins one buys from the cafe.
IIRC you can claim all out-of-pocket expenses over 5% of your taxable income before this deduction i.e.
Out-of-pocket medical costs less Taxable income before medical deduction x 5% = allowable deduction
edit/ may have changed since my article days - have a look here (no 6 from the bottom -) http://www.sars.gov.za/home.asp?pid=...pubs&show=1260
Last edited by undesign; 22-07-2009 at 03:28 PM.
I was told it was 7.5% of your annual Taxable income?
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